It says "Profit = sales price - purchase price - expenses"  Even on the levered fix-and-flip deal example it gives the full purchase price. 

Hi everyone,I'm looking at purchasing a 7 unit property, duplex and 5-plex, in Nevada.

The type of business engagement and the level of interest in the counterparty or its assets influence the goals of a due diligence inquiry.For instance, a cordial agreement between a potential buyer and an experienced seller could provide the groundwork for a long-term alliance, whereas a hostile asset sale during bankruptcy would call for a different strategy.

You only have to purchase at least as much as your net sale and use all of the cash from your sale in the purchase.1.

Purchase: $80k-$130kRent: $1200-$1500ROI: Double DigitCash flow: couple hundred/monthAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

.: I would allow it with a written agreement that states:1.

Anyone know of an institution/bank/whatever that lends in WA state willing to do a purchase money second up to a 90% CLTV? 

So just take that into consideration with the purchase

It will become more important once buyer agreements are the norm.This is gold - "A good agent will be a guide not a servant."

Whether you are purchasing your first home or the next real estate deal, closings can be a nerve racking process.